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EUR/USD2015-03-03 11:11 UTC

EUR-USD came under some pressure during the European AM session, giving up a narrow oscillation around the 1.1200 level and dipping below 1.1170. Yesterday's five-week low at 1.1160 remained untested at the time of writing. The talk in the interbank market is that the dollar will likely remain bid into Friday's U.S. jobs report, while sub-forecast Eurozone January PPI (-3.4% y/y in January) helped keep the pressure on the euro. While the ...
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XE Market Analysis

North American Edition2015-03-03 11:11 UTC

EUR-USD came under some pressure during the European AM session, giving up a narrow oscillation around the 1.1200 level and dipping below 1.1170. Yesterday's five-week low at 1.1160 remained untested at the time of writing. The talk in the interbank market is that the dollar will likely remain bid into Friday's U.S. jobs report, while sub-forecast Eurozone January PPI (-3.4% y/y in January) helped keep the pressure on the euro. USD-JPY failed to ...
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European Edition2015-03-03 07:46 UTC

EUR-USD has continued to oscillate around the 1.1200 level, which seems to be evolving into an anchor level. Yesterday's five-week low at 1.1160 is now a support point ahead of the major-trend low 1.1098, which was logged on Jan-25 and is the lowest level traded since Jan-2003. USD-JPY failed to sustain gains above 120.00 over the last day, with the Tokyo market driving the pair to a 119.56 low before the pair settled. The reject from 120+ levels fits ...
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Asian Edition2015-03-02 19:43 UTC

The dollar rallied broadly on Monday in N.Y. trade, taking EUR-USD back under 1.1200, and USD-JPY over the key 120.00 level. The firmer greenback came despite softer income and consumption data, a manufacturing ISM report that missed the mark, and weaker construction spending. Risk appetite firmed, as Wall Street moved up, taking the NASDAQ briefly over the 5k mark for the first time in 15 years, while yields firmed, also USD supportive. USD-CAD meanwhile ...
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